IBPS PO 2020 Notification Out: Salary, Vacancy, Eligibility, Syllabus Full Details

IBPS PO 2020 Notification Out: Salary, Vacancy, Eligibility, Syllabus Full Details

Post 1167, Eligibility, Salary, Admit Card, Exam Date and Full Notification

IBPS PO 2020 exam will be conducted by Institute of Banking Personnel Selection (IBPS) to select eligible candidates to the post of Probationary Officer in public sector banks in India. IBPS PO exam is conducted every year since 2011 and is now happening in 2020 in its 10th edition. The IBPS CRP PO/MT-X 2020 is for selection of candidates to the 17 public sector banks.

IBPS provides its services to all Public-Sector Banks (PNB, BOB, etc.), SBI, RBI, NABARD, SIDBI, LIC & Insurance companies and other Banks which are regular members of the IBPS society. In 2011, IBPS started the Common Written Examination (CWE) for recruiting officers and clerks in Indian Bank and accepts online application through its official website. IBPS PO exam is conducted at various locations throughout India and in online mode only. IBPS CRP PO/MT-X Prelims Exam 2020 is scheduled to be held on 3rd, 4th & 10th October 2020 while the IBPS PO Main Examination will be tentatively held on 28th November 2020

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IBPS PO 2020: Important Dates

EventsDate
IBPS PO 2020 Notification4th August 2020
On-line registration Starts From5th August 2020
On-line registration Ends on26th August 2020
Download of call letters for Pre- Exam TrainingSeptember 2020
Conduct of Pre-Exam TrainingSeptember 2020
IBPS PO Preliminary Admit CardOctober 2020
IBPS PO 2020 Preliminary Exam Date3rd, 4th & 10th October 2020
IBPS PO Preliminary Result DateOctober 2020
IBPS PO 2020 Mains Exam Date28th November 2020
IBPS PO Mains Result DateDecember 2020
Conduct of interviewJanuary / February 2020
IBPS PO 2020 Provisional Allotment1st April 2021

IBPS PO 2020: Application Fee

  • General / OBC : 850/-
  • SC / ST / PH : 175/-
  • Pay the Examination Fee Through Online Fee Mode Debit Card, Credit Card, Net Banking, Mobile Banking, E Wallet, Cash Card, IMPS and E Challan Fee Mode

IBPS PO 2020: Age Limit as on 1/8/2020

  • Minimum : 20 Years
  • Maximum : 30 Years
  • Age Relaxation Extra as per IBPS Rules

IBPS PO 2020: Vacancy Details Total : 1167 Post

General : 587 | OBC : 233 | EWS: 118 | SC : 159 | ST : 71

Post Name

Total Post

Age Limit

Eligibility

Probationary Officer PO / Management Trainee MT

1167

20-30 As on 01/08/2020

Bachelor Degree in Any Stream in Any Recognized Board in India.

IBPS PO 2020: Bank-Wise Vacancy Details 

Bank Name

General

EWS

OBC

ST

SC

Total

Bank of India (BOI)

297

74

198

55

110

734

UCO Bank

256

35

14

10

35

350

Punjab & Sindh Bank

34

08

21

06

14

83

Available Posts for IBPS PO 2020-21: 1167

Available Posts for IBPS PO 2019-20: 4336

Available Posts for IBPS PO 2018-19: 4252

IBPS PO Salary

here are different components in the salary structure, lets discuss each component one by one:

IBPS PO Basic Pay: The revised basic IBPS PO salary is rupees 23700 – (980 x 7) – 30560 – (1145 x 2) – 32850 – (1310 x 7) – 42020. It means Basic Salary of IBPS PO after 7 Years – Rs 30,560 Basic Salary of IBPS PO after 7 + 2 Years – Rs 32,850 Basic Salary of IBPS PO after 7 + 2 + 7 Years – Rs 42,020. (as per 10th Bipartite settlement)

IBPS PO Salary Structure
Basic Pay23,700
Special Allowance1,836.75
DA10,163.63
CCA870
Total (without HRA)36,570.38
HRA2,133.00
Gross with HRA38,703.38
IBPS PO Salary in India after the Bipartite Settlement

Wage revision for bank employees is due from November 2017 under the 11th bipartite settlement, which would span five years till 2022. Nearly 8.8 lakh employees would benefit if the 11th bipartite settlement is agreed and accepted. There is a provision of timely increment of the pay of the IBPS PO officer as given below:

Increment PercentageBasic PayGross Salary
15 %Rs.26,706/-Rs.37,068/-
20 %Rs.27,866/-Rs.38678/-
25 %Rs.29,026/-Rs.40,288/-
30 %Rs.30,187/-Rs.41,899/-
IBPS PO Allowances
IBPS PO Allowances
IBPS PO Basic PayRs 23700/- ( Increment in 4 stages-

Salary after 1st Increment- Rs. 30560/-

Salary after 2nd Increment-Rs. 32850/-

Salary after 3rd Increment- Rs. 42020/-

House Rent Allowances7%-9% of the basic pay
Dearness Allowance39.8% of the Basic Pay (Varies based on inflation rates)
City Compensatory Allowance (CCA)3% or 4%(depending on the place of posting)
Special Allowance7.75% of the basic pay

IBPS PO House Rent Allowance (HRA): It varies according to place of posting and can be 9.0% or 8.0% or 7.0% of the basic salary depending upon type of cities (i.e., metros, big cities or other locations).

IBPS PO Dearness Allowance (DA): Dearness Allowance (DA) is given to the employees as a percentage of the basic salary (In January 2016, it was around 39.8% of the basic salary). This is revised every three months based on the All India Consumer Price Index Data published by the Ministry of Statistics and Program Implementation, Government of India. The Bank unions are determined to make it a monthly revision in the impending wage settlement.

IBPS PO Special Allowance (SA): This allowance has been included in the last wage revision for the banks. It is about 7.75% of the basic pay. It came into effect from 01.01.2016.

IBPS PO City Compensatory Allowance (CCA): Based on the type of city, it might be 0%, 3% or 4%.

Some other perks of an IBPS Probationary Officer are Traveling Allowance, Newspaper Reimbursement, Medical Aid, Benefits under New Pension Scheme etc. If we sum up then the salary may be 35,000+ rupees.

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